Carbon concept stocks soar on Taiwan Stock Exchange

 

TAIPEI (Taiwan News) — On April 19, when attending a dinner hosted by the American Chamber of Commerce, Taiwan President Tsai Ing-wen (蔡英文) announced the creation of a carbon exchange, per Business Today.

After Tsai announced the news, a number of listed companies which have large forest holdings, dubbed “carbon concept stocks,” like YFY (1907.TW), Chunghwa Pulp (1905.TW), and Taiwan Tea (2903.TW) all saw a pickup in trading.

From the close of trade on April 19 to May 16, the stock price of Chunghwa Pulp rose by more than 38.2% and YFY rose by 10.8%.

Article reproduce from Taiwan News. Read all.